A new 35 year lease commenced on this motel in December 2008, creating a secure land & building investment. The rental has been set at a realistic level, providing growth opportunity in the future. This 14 unit motel has a good mix of units, all with spa baths. It enjoys a main road position, and has a good track record of steady revenue.
The complex was refurbished in recent years and since has been maintained to a high standard. A number of improvements have continued under the present ownership, resulting in a very well presented property, with still potential for further growth.
The owners accommodation has three bedrooms with living area flowing to the office. The residence has a single garage with internal access. The spacious land area of 2,026sqm affords the luxury of all units being ground floor and of spacious dimensions.
We would welcome your enquiry on this investment motel for sale in Timaru via this website or by phoning INKY STOVE on 0800 263339, DDI 03 550 0471 or 021 182 6940.